Samsung, SK Hynix power Asia rebound while oil shock rattles bonds

Asian benchmarks stabilized as semiconductors rebounded after several days of heavy selling. Chipmakers’ bounce provided the main pocket of support still attracting investors willing to stay in risk assets. The move helped lift Japan and South Korea indices, suggesting improving near-term sentiment toward the sector.

Analysis

Asian benchmarks stabilized as semiconductors rebounded after several days of heavy selling. Chipmakers’ bounce provided the main pocket of support still attracting investors willing to stay in risk assets. The move helped lift Japan and South Korea indices, suggesting improving near-term sentiment toward the sector.